On July 9, 2025, Genesis Healthcare, Inc. (“Genesis”), which operates 218 nursing homes across 19 U.S. states, filed for Chapter 11 voluntary bankruptcy in the United States Bankruptcy Court for the Northern District of Texas, listing 298 affiliates including holding companies, ancillary businesses, and insurance vehicles. Genesis is seeking $30 million in debtor-in-possession financing from its prepetition lenders and approval of a stalking-horse bid to purchase the company out of bankruptcy from affiliates of prepetition lender ReGen Healthcare Inc.
Genesis Healthcare currently operates 175 facilities (165 skilled nursing facilities and 10 assisted-living/independent-living facilities) in 40 states, consisting of about 20,000 beds with 15,000 residents and an estimated 27,000 employees.
Genesis issued a press release on July 9, 2025 in which it stated that it filed Chapter 11 bankruptcy proceedings “to ensure that the Company can continue operating in a seamless manner, while also allowing the Company to address its legacy liabilities associated with previously divested operations. We have much to be proud of for the tremendous progress we have made as an organization over the last several years as we have implemented a forward-looking, enterprise-wide shift from centralized to market-based operations. Our ongoing work has confirmed that, to maintain our momentum, we must address our legacy debt structure. The goal of this filing is to emerge a stronger, healthier company poised to exceed our goals for clinical and operational excellence.”
“We assure all those who rely on us for care that we remain fully focused on and committed to providing the high-quality care you have come to expect. This process is designed to ensure that we can continue to deliver on that commitment. We also are grateful for our talented staff and their dedication to excellence, which has positioned Genesis Healthcare for continued growth and a bright future.”
Genesis’ largest debts include:
- A $324 million real estate loan due to MAO 22322 LLC
- $104 million in deferred payroll taxes due to the IRS
- $68 million due to vendor Healthcare Services Group
- $58 million in provider assessments in Pennsylvania
- $46 million to Change Healthcare provider assistance fund
- $13 million in legal settlements
- $12 million due to a union employees pension fund
If you or a loved one may have been injured (or worse) as a result of malpractice in a nursing home in the United States due to nursing home staff shortage, nursing home understaffing, nursing home pressure ulcer (nursing home bedsore) negligence, a nursing home infection, nursing home fall, nursing home aspiration, nursing home neglect, nursing home negligence, nursing home abuse, or the nursing home failing to properly care for a vulnerable adult, you should promptly find a nursing home malpractice lawyer who may investigate your nursing home malpractice claim for you and represent you or your loved one in a nursing home malpractice case, if appropriate.
Click here to visit our website or call us toll-free in the United States at 800-295-3959 to find nursing home malpractice attorneys in your state who may assist you with your nursing home claim.
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